Groups That Are Determined by the Organization Chart and Composed

question 29

Multiple Choice

Groups that are determined by the organization chart and composed of individuals who report directly to a given manager are called ________.

• A) command groups
• B) task groups
• C) cross-functional teams
• D) self-managed teams

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Definitions:

Equilibrium

An equilibrium where demand from the market matches its supply, stabilizing prices as a consequence.

Substitute

A product or service that can be used in place of another to satisfy the same needs or desires.

Margarine

A spread used for flavoring, baking, and cooking, made primarily from vegetable oils as an alternative to butter.

Demand Curve

The demand curve is a graphical representation that shows the relationship between the price of a good or service and the quantity demanded by consumers.